Nearly two dozen bidders, including Reliance Industries Ltd, Adani Power and NTPC Limited, are interested in buying the Chhattisgarh-based SKS Power Generation, the Economic Times reported on August 1, citing people familiar with the matter.

Companies such as Torrent Power, Jindal Power, Vedanta, DB Power, Sarda Energy & Minerals, Jindal India Thermal, and bad loan aggregators such as Aditya Birla ARC, Phoenix ARC and Prudent ARC have also expressed interest in acquiring the troubled company, the report said.

SKS Power Generation has been in corporate bankruptcy and resolution proceedings since April. It owes a total of Rs 1,890 crore to the two banks. Bank of Baroda accounted for the major share of loans at Rs 1,740 crore, while State Bank of India owed Rs 150 crore.

The last day to bid is July 28. Companies with net assets of Rs 300 crore and assets under management of Rs 1,000 crore are allowed to participate in the bidding process, the newspaper reported.

The SKS unit has a capacity of 600 MW, of which 300 MW is currently operating, it said.

Due to the country’s power crunch, NTPC was recently assigned to operate and maintain the plant until major lender Bank of Baroda (BoB) found a buyer.

The plant has power purchase agreements with Rajasthan, Bihar and Chhattisgarh.